Aviva Investors has announced the completion of two commercial real estate finance transactions to Lazari Investments Limited totalling c£145m.
The first being a £90m fixed rate facility over 10 years to support the acquisition of a Prime Central London office block on Baker Street. The second transaction is a £55m 12 year fixed rate facility, refinancing a 2018 loan maturity against Henrietta House, the Marylebone HQ building of CBRE.
Gregor Bamert, Head of Real Estate Finance, Aviva Investors, said:
“Lazari Investments has an enviable track record of investment and development in Central London and we are delighted to support them in the continued growth of their business. Our relationship with the Lazari family dates back nearly 30 years and these transactions solidify our long standing relationship by providing long term finance against high quality assets.”
Nicholas Lazari, Director – Lazari Investments, said:
“Aviva Investors is one of the Lazari Group’s Principal Lenders, providing us with ‘bespoke’ borrowing facilities. We particularly value the ability to fix the cost of our medium to long term loan lending at what we perceive to be competitive rates, helping safeguard our business moving forward. We value our close relationship, which we intend to continue to build upon.”